PUBLIC ACT 310 NOW EFFECTIVE!

PUBLIC ACT 310 NOW EFFECTIVE! Public Act 310 of 2014 (HB 5552) was passed and signed by Governor Snyder in October, 2014. This new law created another exemption from the “uncapping” of property values for property tax purposes on transfers of … [Read more...]

PUBLIC ACT 497 NOW EFFECTIVE!

Public Act (PA) 497 was passed and signed by Governor Snyder in December, 2012, and created an exemption from “uncapping” of property values for property tax purposes on transfers of ownership of residential property (including vacation property) if … [Read more...]

UPDATE ON PUBLIC ACT 497 OF 2012-UNCAPPING TRANSFERS OF PROPERTY

On December 16, 2013, the Michigan State Tax Commission issued Bulletin 23 which deals with transfers of ownership of real property and the impact on taxes assessed on transferred property.  The State Tax Commission is a 3 member agency appointed by … [Read more...]

Public Act 497 of 2012 – Transfer of Ownership Update on Real Property Taxes in Michigan

On December 28, 2012, Michigan Governor Richard Snyder signed new legislation which will have a significant impact on the way Michigan residential property (including vacation property) is assessed for property taxes [Public Act (“P.A.”) 497].  This … [Read more...]

State of MI LARA Notice

All of our clients who have formed a Michigan LLC should be aware that a non-governmental entity called "Corporate Records Service" is trying to collect a $125 fee to prepare corporate records.  The misleading solicitation implies that Michigan … [Read more...]